NOT LISTED FOR SALE

1742 Cherry Ave Long Beach, CA 90813

Central Neighborhood
3 Beds
3 Baths
9,096 Sq Ft
8,502 Sq Ft Lot

Last Sold February 25, 2013

Last sale price $1,462,000 $161 Per Sq Ft

46 Days on Market

About This Home

As of February 2013

Subject Property consists of (4) 1BR/1BA & (8) 2BR/2BA units, (16) covered parking spaces & (3) single car garages. Upgraded interiors, ceiling fans, dishwashers, balconies.

Last Agent to Sell the Property

Alan Acree

Morgan Skenderian License #01366012 Listed on: 08/15/2012

Last Buyer's Agent

Alan Acree

Morgan Skenderian License #01366012 Listed on: 08/15/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 8,502

Parking

  • 1 Car Garage
  • 16 Carport Spaces

Home Design

  • 9,096 Sq Ft Home
  • Frame Construction
  • Stucco

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • 8,502 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Assessor Parcel Number 7261006020

Community Details

Overview

  • 12 Units

Building Details

  • 13 Separate Electric Meters
  • 13 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $780
  • Insurance Expense $3,638
  • Maintenance Expense $7,200
  • Other Expense $1,000
  • Pest Control $500
  • Professional Management Expense $3,600
  • Trash Expense $3,900
  • Water Sewer Expense $3,900
  • New Taxes Expense $18,882
  • Gross Income $12,175
  • Net Operating Income $95,395

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • CapRate: 6.12
  • Professional Management Expense: 3600.00
  • View: No
  • Water Sewer Expenses: 3900.00
  • Property Type: Residential Income
  • Gardener Expense: 780.00
  • Parcel Number: 7261006020
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 160.73

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Carport Spaces: 16.00
  • Garage Spaces: 1.00
  • Parking: No
  • Total Parking Spaces: 19.00

Utilities

  • Heating: No
  • Laundry: No
  • Pest Control Expense: 500.00
  • Trash Expense: 3900.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 8502
  • Lot Size Sq Ft: 8502.00
  • Lot Size Acres: 0.1950

Multi Family

  • Gross Income: 12175.00
  • Gross Multiplier: 10.68
  • Gross Scheduled Income: 146100.00
  • Gross Spendable Income: 32834.00
  • Insurance Expense: 3638.00
  • Lot Size Area: 8502.0000 Square Feet
  • Maintenance Expense: 7200.00
  • Net Operating Income: 95395.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 12
  • Operating Expense: 43400.00
  • Operating Expense Percent: 30.00
  • Other Expense: 1000.00
  • Other Expense Description: Admin
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 18882.00

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/25/2013 02/25/13 Sold $1,462,000 -6.3% $161 / Sq Ft
09/30/2012 09/30/12 Pending -- -- --
08/15/2012 08/15/12 For Sale $1,560,000 -- $172 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $25,389 $1,800,337 $584,923 $1,215,414
2024 $24,261 $1,765,037 $573,454 $1,191,583
2023 $23,837 $1,730,429 $562,210 $1,168,219
2022 $22,404 $1,696,500 $551,187 $1,145,313
2021 $21,907 $1,663,236 $540,380 $1,122,856
2020 $21,849 $1,647,383 $534,840 $1,112,543
2019 $21,593 $1,615,105 $524,353 $1,090,752
2018 $20,987 $1,583,461 $514,072 $1,069,389
2016 $19,290 $1,520,822 $494,111 $1,026,711
2015 $18,536 $1,497,978 $486,689 $1,011,289
2014 $18,451 $1,468,636 $477,156 $991,480
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2013

    Alan Acree

    Morgan Skenderian

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P831985

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90804 Central

1742 Cherry Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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